Aditya Birla Real Estate concluded its 129th Annual General Meeting on July 27, 2026, with shareholders approving all proposed ordinary resolutions. The meeting, held via Video Conferencing and Other Audio Visual Means (VC/OAVM), saw the ratification of financial results for FY26, dividend declarations, and key governance appointments, ensuring continuity in leadership and statutory compliance for the real estate developer.

The AGM commenced at 3:00 P.M. IST and concluded at 4:30 P.M. IST, chaired by Kumar Mangalam Birla, Chairman of the Board. The proceedings were conducted in accordance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Representatives of the Statutory Auditors, Cost Auditor, Secretarial Auditor, and Scrutinizer were present remotely to oversee the process.

Resolutions Passed

Shareholders approved five ordinary resolutions via remote e-voting and electronic voting during the meeting. The details of the transacted business are as follows:

Governance and Leadership

A significant governance outcome was the reappointment of Kumar Mangalam Birla (DIN: 00012813) as a Director, who retires by rotation. This ensures stability in the company’s top leadership structure. Additionally, the Board secured shareholder approval for the appointment of a Statutory Auditor for a first term of five consecutive years, extending from the conclusion of the 129th AGM until the conclusion of the 134th AGM. The remuneration for both the Statutory Auditor and the Cost Auditor for the financial year ending March 31, 2027, was also ratified.

Operational Updates

During the opening remarks, Kumar Mangalam Birla briefed shareholders on the broader macroeconomic context and the company’s overall performance. He highlighted updates on real estate fundraising, partnerships, and sustainability initiatives. The Chairman also addressed Environmental, Social, and Governance (ESG) practices and thanked stakeholders, including lenders, investors, and employees, for their continued support. Members were invited to raise queries regarding operations and financial performance for the year ended March 31, 2026, which were addressed by management.

Voting Process Details

As the meeting was conducted virtually, physical attendance was dispensed with, eliminating the need for proxies or a register of proxies. Registers and documents required under the Act were available for inspection in electronic mode. The e-voting facility remained open for 15 minutes post-meeting closure to allow shareholders who had not voted during remote e-voting to cast their ballots. Final voting results will be disseminated on the company’s website, stock exchanges, and NSDL as per Regulation 44(3) of the Listing Regulations.

Aditya Birla Real Estate Limited (formerly known as Century Textiles and Industries Limited) has scheduled its 129th Annual General Meeting (AGM) for Monday, July 27, 2026, at 03:00 p.m. IST via Video Conferencing. The meeting will consider the adoption of financial statements for FY 2025-26, a dividend declaration, and the appointment of a new statutory auditor. The company reported a standalone net profit of ₹ 351.89 Crores for the year, while consolidated results reflected a loss of ₹ 114.82 Crores due to the timing of project completions and the repositioning of the business as a focused real estate entity.

Key AGM Details

The AGM will be conducted from the company's registered office at Century Bhavan, Worli, Mumbai. Shareholders will vote on the reappointment of Mr. Kumar Mangalam Birla and the ratification of the Cost Auditor. The following table outlines the critical dates and procedural details:

Financial Performance and Dividend

The Board recommended a dividend of ₹ 2.50 per equity share of face value ₹ 10 each (25%), subject to tax, totaling an outflow of ₹ 27.92 Crores. This marks an increase from the ₹ 2.00 per share dividend paid in the previous year. On a standalone basis, total income from continuing operations rose 3.7% to ₹ 516.23 Crores, while profit before tax surged to ₹ 121.38 Crores from ₹ 0.06 Crores, aided by a reversal of net deferred tax liability of ₹ 123.76 Crores following the decision to opt for a new tax regime.

Consolidated revenue from continuing operations decreased to ₹ 403.77 Crores from ₹ 1,203.37 Crores in FY 2024-25. The company attributed this decline to Ind AS 115 revenue recognition norms, which require revenue recognition only at project handover, rather than a drop in demand. Birla Estates, the company's subsidiary, achieved its highest annual booking value of ₹ 8,136 Crores and collections of ₹ 3,341 Crores.

Auditor Appointments and Business Divestment

A special business item involves the appointment of M/s. Singhi & Co., Chartered Accountants, as the statutory auditor for a five-year term. The annual audit fee is set at ₹ 55 lacs plus taxes, reflecting a reduced scope following the proposed sale of the Century Pulp and Paper business to ITC Limited for ₹ 3,498 Crores. The Competition Commission of India approved this acquisition on December 16, 2025, with consummation expected in the first half of FY 2026-27.